Latvian state-owned airline airBaltic is definitely worthy of praise and support in keeping air links to all three Baltic States running, Prime Minister Kristen Michal (Reform) has said, though he stopped short of saying this support from Estonia should be financial too. airBaltic posted losses over EUR 100 million for 2024. The Latvian government is…
The international rating agency Fitch has reaffirmed Bulgaria’s long-term credit rating at BBB with a positive outlook. According to a statement published on Fitch’s website, the positive perspective reflects the country’s potential accession to the euro area. Fitch’s assessment is based on Bulgaria’s strong external and fiscal balance sheets, which compare favorably with other countries…
Since the beginning of 2025, businesses have received 7,325 soft loans under the Affordable Loans at 5-7-9% programme totalling UAH 23.8 billion. Almost a quarter of this amount – UAH 5.6 billion – was attracted by regions classified as high military risk areas. In total, since the programme was launched in February 2020, Ukrainian businesses…
The Government is developing a grant programme for businesses building new production facilities in the defence sector. This was stated by Prime Minister of Ukraine Denys Shmyhal during a session of the Cabinet of Ministers on April 11. He said that from now on, Ukrainian manufacturers of weapons components could receive a grant of up…
Over 70% of property transactions in Bulgaria over the last decade have been made in cash, according to recent statistical data. The market is seeing significant growth, with property prices rising by 6% since the start of 2025. Official statistics from the Bulgarian National Bank reveals that only 27 out of every 100 real estate…
Gren Eesti, the district heating provider in Tartu, will raise the price of heat by nearly 10% next month. The company says the price increase is necessary to cover operating expenses and investment costs. While the current sales price of heat for Tartu residents is EUR 58.97 per megawatt-hour, in a month it will rise…
Bulgaria’s upcoming adoption of the euro in 2026 is expected to significantly accelerate wage growth, according to economists familiar with the experiences of other countries that have already joined the eurozone. However, to ensure that this wage increase remains sustainable, it will need to align with labor productivity growth, as emphasized by Prof. Dr. Viktor…